LONDON: Nomura Holdings Inc paid almost nothing for Lehman Brothers Holdings Inc’s European investment bank as the financial crisis raged in 2008. But the deal has still cost it dearly.
So much so that after its most recent results, Nomura’s chief financial officer said there’s a “strong sense” of urgency for the bank to improve performance. Japan’s biggest brokerage hasn’t been among the top 10 investment banks in Europe since at least 2013, according to data from Coalition Development Ltd.
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